Glossary

Airdrop

A method of distributing tokens, usually free of charge, to a large number of wallet addresses.

APR

Annual Percentage Rate; the annual rate of return on an investment.

Arbitrage

The practice of buying and selling assets to profit from price differences.

Audit

Security review of smart contracts to ensure they operate as intended.

Bridge

A mechanism that allows for the transfer of tokens or data between different blockchains. Ex: ETH/OCTA Bridge: https://bridge.octa.space/

CEX

Centralized Exchange; a platform where a central entity facilitates cryptocurrency trades.

CeFi

Centralized Finance; traditional financial systems.

DAO

Decentralized Autonomous Organization; a governance model that allows token holders to vote on proposals.

DEX

Decentralized Exchange; OctaSwap and Uniswap are examples.

DeFi

Decentralized Finance; a financial system built on blockchain technology, removing the need for traditional financial intermediaries.

Emission

The rate at which new tokens are created and distributed in a cryptocurrency. Ex: Octaspace Coin emissions last until 2027. Octa Inu Token has 0 future emissions, 100% of the max supply is already in circulation.

EVM

Ethereum Virtual Machine; a runtime environment for executing smart contracts. Octaspace is compatible with the EVM, allowing for migration of Ethereum-based contracts.

Fees APR

The annual rate of return earned from trading fees.

Fork

A codebase derivative; Octaswap is a modified fork of Uniswap.

Gas

A cost incurred for processing a transaction on a blockchain network. On Octaspace, these fees are low and denominated in OCTA

OCTA

Octaspace's native cryptocurrency used for transaction fees and staking.

ERC

Ethereum Token Standard; enables the creation and management of tokens on the Ethereum/Octaspace network. (Octaspace is EVM

Impermanent Loss

Temporary loss of funds when providing liquidity due to price fluctuations.

Liquidity

The amount of assets held in a liquidity pool to facilitate trading.

Liquidity Pool

A smart contract that holds funds to enable trading on an AMM.

Mainnet

The primary public blockchain where a cryptocurrency operates.

Price Impact

The difference in market price caused by a trade.

Reward APR

The annual rate of return earned from yield farming

OINU

The native token of Octa Inu, used for governance, liquidity, and staking.

Slippage

The difference between the expected price of a trade and the executed price.

Slippage Tolerance

The maximum allowable price movement for a trade to go through.

Smart Contract

Self-executing contracts with the terms directly written into code.

Stablecoin

A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency.

Staking

Participation in a blockchain or protocol to validate transactions or secure liquidity, in exchange for rewards.

Testnet

A test blockchain used to test applications.

Token

A digital asset that represents ownership or value within a blockchain ecosystem.

Tokenomics

The economic model surrounding a token, detailing its distribution, utility, and how it interacts within the ecosystem.

TVL

Total Value Locked; the total amount of assets staked or locked in a DeFi protocol.

Volatility

The statistical measure of the dispersion of asset prices.

Wallet

A digital tool that allows users to interact with a blockchain.